Page 39 - SALIK PR REPORT OCTOBER 2023
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11/2/23, 4:01 PM Dubai's taxi operator plans $300mn IPO: Report - Arabian Business
Following this, DTC commits to disbursing a minimum of 85 percent of its
annual net profit through two dividend payments, beginning in the 2024 fiscal
year.
Dubai’s Roads & Transport Authority (RTA) is reportedly collaborating with
Bank of America Corp., Citigroup Inc., and Emirates NBD Capital to facilitate
the offering, which will be listed in Dubai, as reported by Bloomberg
News previously.
This move comes as the RTA seeks to monetize more of its assets, following
the successful $1 billion IPO of Salik Co., the city’s road-toll operator, in
2022.
It is expected that an IPO of Dubai Parking will follow suit, furthering the
privatisation drive within the region.
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